FedEx has backed out of renewing its US domestic contract with Amazon as the e-commerce giant makes increasing forays into logistics.
The decision was announced on the company’s website on Friday, when it also noted that existing contracts between Amazon and FedEx’s other units would not be affected.
“FedEx has made the strategic decision to not renew… as we focus on serving the broader e-commerce market,” it said.
It added: “Amazon is not ...